What is Maxland Bhd Earnings Yield (Joel Greenblatt) %?
Maxland Bhd's Enterprise Value for the quarter that ended in Mar. 2024 was RM171.91 Mil.
Maxland Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 was RM-16.35 Mil. Maxland Bhd's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2024 was -9.51%.
The historical rank and industry rank for Maxland Bhd's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XKLS:7123'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -170.06 Med: 1.35 Max: 20.61
Current: -9.56
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of Maxland Bhd was 20.61%. The lowest was -170.06%. And the median was 1.35%.
XKLS:7123's Earnings Yield (Joel Greenblatt) % is ranked worse than 89.9% of 297
companies
in the Forest Products industry
Industry Median: 4.05
vs XKLS:7123: -9.56
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. Maxland Bhd's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2024 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past seven years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Maxland Bhd Earnings Yield (Joel Greenblatt) % Historical Data
The historical data trend for Maxland Bhd's Earnings Yield (Joel Greenblatt) % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
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Maxland Bhd Earnings Yield (Joel Greenblatt) % Chart
Competitive Comparison of Maxland Bhd's Earnings Yield (Joel Greenblatt) %
For the Lumber & Wood Production subindustry, Maxland Bhd's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maxland Bhd's Earnings Yield (Joel Greenblatt) % Distribution in the Forest Products Industry
For the Forest Products industry and Basic Materials sector, Maxland Bhd's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where Maxland Bhd's Earnings Yield (Joel Greenblatt) % falls into.
Maxland Bhd Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
Maxland Bhds Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2022 is calculated as
Maxland Bhd's EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was RM-16.35 Mil.
Maxland Bhd (XKLS:7123) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
Maxland Bhd Earnings Yield (Joel Greenblatt) % Related Terms
Thank you for viewing the detailed overview of Maxland Bhd's Earnings Yield (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.
Priceworth International Bhd is Malaysian timber and wood-based products industry. The company's Segments are the logging segment involved in the extraction, the sale of logs, and tree planting, the manufacturing segment is in the business of manufacturing and sale of plywood, raw and laminated particleboard, veneer, sawn timber, bare core board, finger joints, molded timber, wooden doors and window frames, and fire doors, the shipyard segment is involved in the provision of marine services, including repair and maintenance of tugboats and barges amongst others; and the other segment is involved in investment holding and the provision of hiring services. The majority of its revenue is derived from Japan from plywood export.
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